At a Senate hearing on Russian interference in the U.S. presidential election, former Acting Attorney General Sally Yates testified that she had warned the White House that former National Security Advisor Mike Flynn’s false statements about speaking to a Russian official could expose him to blackmail from Russia.

The increased risk of regulatory enforcement, including anti-money laundering enforcement actions, has pushed Western banks to cut back on so-called correspondent banking relationships, in which they rely on foreign institutions to handle transactions on their behalf, leaving room for banks in the East–particularly in China–to fill in the gap.

Europe

Société Générale agreed to pay $1.1 billion to settle claims that it paid a middleman $58.5 million in alleged bribes to secure almost $2 billion in business from Libya’s sovereign-wealth fund during the final years of dictator Moammar Gadhafi’s rule.